The Center for Economic Research and Reforms (CERR) in its regular overview analyzes the changes that have occurred in the real estate market.
In January, almost 22 thousand apartments were sold in Uzbekistan, which is 20% more than in the same period last year.
A significant increase in apartment sales was noted in Khorezm – 75%, Syrdarya – 51%, Samarkand – 48% and Surkhandarya – 42% regions.
Rental prices in Tashkent continued to decline. In general, since the beginning of the year, the average rental price in the capital has decreased by 2.2% and amounted to $9 per sq. m.
It is noteworthy that the increase in rent was noted in Uchtepa, Bektemir and Sergeli districts, where it became more expensive to rent an apartment by 3.4%, 2.1% and 1.1%, respectively.
A noticeable decrease in rent was noted in Shaikhantakhur and Mirzo-Ulugbek districts, in these areas rent has become more affordable by more than 5%.
Despite a slight decrease in cost in Shaikhantakhur, Yakkasarai and Mirabad districts, the highest prices remain here, on average it will cost $11 per square meter to rent a house.
Relatively affordable rent was noted in Uchtepa, Sergeli and Bektemir districts from $6 to $8 per square meter.
Since the beginning of the year, the secondary housing market has grown by 1.6%. In annual terms, the secondary market increased by 18%. The most noticeable growth was recorded in the Khorezm, Tashkent and Andijan regions, by an average of 30% compared to January last year.
In Tashkent, in January, average prices for secondary housing remained virtually unchanged and amounted to $1,122 per sq.m. A slightly more noticeable increase in prices was noted in the Bektemir, Sergeli and Yashnabad districts.
Compared to January last year, average prices for secondary housing in the capital increased by almost 20%.
For reference: The review of the real estate market of Uzbekistan is one of the research areas of the CERR, which presents the dynamics of activity in both the primary and secondary real estate markets. The data is presented both for the reporting month and for the period from the beginning of the year to the reporting month. In addition, data for the same period last year are provided to track market dynamics.
Jaloliddin Usmonov, CERR
CERR Public Relations Service
Tel: (78) 150 02 02 (417)
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